Here's your summary from Fed Wanted More Evidence of Cooling Inflation, Minutes Show (https://www.youtube.com/watch?v=rTo0PoNCX1Q) on the Bloomberg Television channel:

**TLDR:** Fed officials were divided on the impact of cooling economic growth and the need for rate cuts, with uncertainty about inflation and employment data leading to a decision to wait for more evidence before making a move.

1. Fed officials were optimistic about the economy reaching a turning point in mid-June, but were divided on the impact of cooling economic growth on policy and growth.

2. There was uncertainty about the degree of restrictiveness of current rates, with some officials suggesting a need for rate hikes if inflation persists or increases.

3. The focus now shifts to Chairman Jay Powell's upcoming testimony on monetary policy to Congress.

#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro